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Strategies & Market Trends : Trader J's Inner Circle -- Ignore unavailable to you. Want to Upgrade?

To: Shmar10 who wrote (5624)	1/22/1999 10:17:00 AM
From: Tony B	Read Replies (2) \| Respond to of 56535

Shmar - IOM - Didn't they say that earnings would be flat for the next quarter or something like that? As I was listening to the report on CNBC, it sounded like positive now, but a little bad news for the future. good luck. llater, Tony B

To: Shmar10 who wrote (5624)	1/22/1999 10:22:00 AM
From: Merg	Respond to of 56535

I follow IOM. There was a trade imbalance starting after the close yesterday and trading was halted then continuing into this morning. It appears the Street is having mixed reactions to the earnings news yesterday. IOM came in $0.02 above First Call and showed a very strong 4th quarter. At the same time the CEO announced that Q1 may only be break even due to seasonality of the product. In addition, he announced a reorganization including resignation of 2 executives. JMHO the analysts have not yet decided how to handle this. I believe that the momentum traders will be getting out on this news, thus downturn, but that the institutions will stay in or add more since the conference call painted a rosy picture for the future. I will be holding my position. Regards Merg